MBABANE – EswatiniBank has intensified its push towards sustainable development, with Managing Director Dr Nozizwe Mulela revealing that green financing remains a central pillar of the institution’s long-term strategy.
Speaking during the launch of the bank’s formal submission for accreditation to the Green Climate Fund (GCF) yesterday, Dr Mulela disclosed that the bank has already channelled over E210.8 million into environmentally sustainable projects over the past three years.
These investments span a broad spectrum of climate-focused initiatives, including climate-resilient irrigation systems under the Lower Usuthu Smallholder Irrigation Project Phase II (LUSIP II), renewable energy technologies, protected agricultural infrastructure, environmentally controlled livestock and poultry facilities, as well as sustainable potable water systems. Dr Mulela said the bank’s approach reflects a deliberate shift towards financing projects that not only drive economic growth, but also enhance resilience against climate change.
“Green financing is not just an emerging priority for us; it is embedded in our strategy as we position ourselves as a catalyst for sustainable development in Eswatini,” she said. She emphasised that the bank’s 60-year legacy has been built on empowering communities and supporting national development, adding that sustainability is now at the core of that mission.
Beyond financial commitments, the bank is placing strong emphasis on stakeholder engagement as it charts its future in climate finance. Dr Mulela noted that the institution is actively inviting collaboration from government, private sector players and civil society organisations to shape the next phase of its sustainability journey. “As we build on 60 years of impact, we are not only reflecting on our progress, but also inviting stakeholders to partner with us in shaping the future,” she said.
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Eswatini- Bank Managing Director Dr Nozizwe Mulela. (Pics: Nhlanganiso Mkhonta)